Hi Bino,
As suggested by Bill, DATE function can be used instead of DATE_AND_TIME function because you require DATE as output of Rule. Following rule worked for me:
Note: 1. Replace 01 in above rule with a Global. Using hard coded values in rules is not considered as good programming practice.
2. If this rule is used in String context, then date will be displayed in dd/MM/yyyy format. Otherwise Format string will be ignored and date will be displayed in MM/dd/yyyy
Regards,
Sahil Dudeja